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In the Hollywood studios of the company Leo Spitz, president, prepared to assume charge of production until a suc- cessor is named for Samuel J.

Paramount Settlement Under a settlement approved by the United States district court in New York, former officers, directors and associates of Para- mount will pay ,150,000 in cash and notes instead of the ,500,000 for which they were sued by the company's trustee in reor- ganization on grounds of misfeasance and malfeasance.

The settlement concludes the reorganization proceedings of the company.

It came again in the case of Laverne Moore, alias John Montague, with the promulgation of a re- port that he was under a seven-year-million-dollar contract with "the movies," as he emerged with more acquittal than glory from a trial in up-state New York.

Meanwhile the report whittles down to a one reel short — but that still is "the movies." The industry gets full credit.

I am not contending," he insisted, "that I want to take anything from the exhibitor — I want him to pay nothing, but I do ask him to deliver the producer's part of what the public pays and will pay.